RATE Group | Crypto On-Ramps like Plutus and Their Role in Mass Adoption
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Crypto On-Ramps like Plutus and Their Role in Mass Adoption

02 Jan Crypto On-Ramps like Plutus and Their Role in Mass Adoption

Posted at 06:15h in Cryptocurrency News by

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The technology behind Bitcoin – blockchain – has been around for a decade now. It was not until 2013 that developers and tinkerers started playing with Bitcoin’s code and created various projects resulting in thousands of ‘altcoins’ by 2017.

Today, blockchain has been applied in various industries from Healthcare to The Internet of Things (IoT). Various projects are trying to address different inefficiencies using this technology. Enabling trustless transactions at low cost with lightning speed on an immutable ledger is the core value proposition.

However, this technology has affected the lives of a few. This is because it is still very complicated to use. You need to pass lengthy verifications, avoid fraudulent companies and handle gibberish-looking addresses. These are a few problems from the User Experience (UX) point of view.

In this article, we discuss these issues with the help of an example. Plutus is an online platform that solves the problems ailing this industry…

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